other material
confidence high
sentiment neutral
materiality 0.60
N2OFF commits up to €1.56M for 50% profit rights in 111 MW German solar project
Nexentis Technologies Inc.
- N2OFF and private investors loan €2.08M (N2OFF share €1.56M) to Solterra for 111 MWp Melz solar project; 7% interest, 5-year maturity.
- N2OFF will receive 50% of the lenders' 50% profit participation, effectively 25% of project net earnings.
- First project in Melz, Germany received municipal approval and indicative grid connection solution from regional energy provider.
- Agreement includes right of first refusal for additional project investments up to €6 million.